Payment Due Dates
Each new property tax fiscal year runs from July 1st to June 30th. Finance mails property tax billing information in June for the entire year. The bill is included with the Statement of Account letter and payments are due two times a year or quarterly.
The postmark on the envelope determines if you have met the payment deadline.
Twice a Year and Quarterly Payments
NEW: As part of a budget agreement with the Mayor, the City Council passed a law that allows more owners to pay quarterly. If your property is affected, a note will appear on your statement. All residential and commercial properties (including houses, condominiums, cooperatives) with an taxable value of $250,000 or less (or for co-ops, a per-unit billable taxable value of $250,000 or less) pay in quarterly installments. This amount is a percentage of the market value.
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Quarterly Payments
Due Dates
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Twice a Year Payments
Due Dates
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July 1
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July 1
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October 1
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January 1
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January 1
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April 1
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If due date falls on the weekend or NYC holiday the payment is due the next business date.
Statement of Account: Click here to see if you are paying quarterly or twice a year and to view your taxable value.
All other properties with a taxable value of more than $250,000 must pay twice a year.
Extra Time for Quarterly Payers
Four time-a-year payers are entitled to a 15 day interest free period after the due date. This is called a Grace Period. For example, owners may make a payment due by July 1st as late as July 15th, without having to pay an additional charge for interest. However, if payment is made on the 16th or later, interest is charged beginning from the original date of July 1st. In this example, 16 days worth of interest would be due.
Discounts for Early Payment
Taxpayers who pay the "Everything You Owe..." amount on the Statement of Account coupon are entitled to a discount:
- If you pay the entire amount due for the tax year by the July due date (or interest-free period due date) you receive a 1.5% discount on the full amount of the property tax.
- If you wait until the October due date to pay for the rest of the year, you receive a 1% discount.
- If you wait until the January due date and pay the entire balance for the rest of the year you receive a 0.5% discount.
Additional Information
Statement of Account
Bills and Payments
Late Payments
